Investors are rushing to back Europe’s emerging SPAC stars, from ex-Credit Suisse Group AG boss Tidjane Thiam to former Deutsche Bank AG dealmaker Garth Ritchie, Bloomberg reports.
Thiam raised $300 million for a special purpose acquisition company focused on deals in the financial industry, up from an initial $250 million target, according to a statement Friday. He joins a clutch of seasoned leaders in Europe that are seeing soaring demand for their blank-check firms, helped by the relative scarcity of issuers from the region looking to tap American investors. Read more.
